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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Saturday, December 09, 2017

BITCOIN: Volatility on Steroids

* See UPDATES below...

Bitcoin lost nearly 25% of its value in the past 48 hours (a drop of 4400 points)...

BITCOIN 2-Day Hourly chart

...after going hyper-parabolic this year...now awaiting the real fireworks when Bitcoin Futures start trading on Monday.

How can anyone place a serious value on this crypto (definition: hidden or secret) currency?

BITCOIN Monthly chart

* UPDATE December 13...

(NB: Comment made at her last Fed Chair Press Conference Dec. 13, 2017)

Volatility is evident in wide swings made in just a 24-hour period, as shown on this 5-minute comparison chart of Bitcoin and CBOE Bitcoin Futures.

* UPDATE December 14...

Bank of Canada Governor Stephen Poloz